Earnings Preview: Schnitzer Steel Indus

Schnitzer Steel Indus SCHN is set to give its latest quarterly earnings report on Thursday, 2021-10-21. Here's what investors need to know before the announcement.

Analysts estimate that Schnitzer Steel Indus will likely report an Earnings Per Share (EPS) of $1.66

Schnitzer Steel Indus bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company beat on EPS by 5.77%, which was followed by a 0.55% increase in the share price the next day.

Here's a look at Schnitzer Steel Indus's past performance and the resulting price change:

Stock Performance

Shares of Schnitzer Steel Indus were trading at $51.83 as of October 19. Over the last 52-week period, shares are up 142.08%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

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